"That could change if Congress came to its senses, passed Barack Obama’s jobs plan"
The jobs plan doesn't even have enough Democratic support to pass the Senate, so the likelihood of it making it through both houses is nil. It's more of a political plan than an economic one.
I also think that we have limited capability to make expedient investments in infrastructure with a positive ROI. Take a look at the Columbia River Crossing project between Oregon and Washington states - six years after project inception, the final environmental impact study still hasn't been released. Construction would start in 2013 at the earliest and is estimated to take 5-7 years. Time lines like that are common with large infrastructure projects in the US.
The jobs plan doesn't even have enough Democratic support to pass the Senate, so the likelihood of it making it through both houses is nil. It's more of a political plan than an economic one.
I also think that we have limited capability to make expedient investments in infrastructure with a positive ROI. Take a look at the Columbia River Crossing project between Oregon and Washington states - six years after project inception, the final environmental impact study still hasn't been released. Construction would start in 2013 at the earliest and is estimated to take 5-7 years. Time lines like that are common with large infrastructure projects in the US.